PRACTICE QUESTIONS FOR NEWSVENDOR MODEL 1. Burger prince buys top-grade ground beef for $3 per kg. A large sign over the entrance guarantees that the meat is fresh daily. Any leftover meat is sold to the local high school cafeteria for $2 per kg. Eight hamburgers can be prepared from each kilogram of meat. Burgers sell for $2 each. Labour‚ overhead‚ meat‚ buns and condiments cost $1 per burger. Demand is normally distributed with a mean of 400 kg per day and a standard deviation of 50 kg per day
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Clapp Questions for Thought and Discussion “Panopticism‚” by Michel Foucault Directions: Use these study questions to help you think about the article in a variety of ways. Use these questions to test yourself! 1. According to Foucault‚ how were plague-stricken societies organized to combat the plague’s deadly effects? Describe the key features necessary to combat the plague. What are the benefits or organizing society in these ways? What are the limitations? 2. What distinctions
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Amistad Questions Sierra Drummond 1) Who were the main characters in Amistad? Cinque‚ Roger S. Baldwin‚ Theodore Joadwin‚ Tappan‚ John Quincy Adams‚ Martin Van Buren 2) What was the time period (year) in history Amistad existed? 1839 3) Describe the dynamics of the slave ship Amistad during the Middle Passage. Desperate‚ fearful‚ and stressed Absolute treachery‚ 50 thrown overboard‚ women were raped‚ men were mutilated Natives took over through force during a slave uprising Power struggles take
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Question 1: The rejection of a transplanted organ by the immune system of the recipient is a result of a cell-mediated immune response‚ rather than antibody-mediated response. What does this indicate about the nature of the transplanted cells? From the perspective of the T cell‚ are the cells of the transplanted organ significantly different from virus-infected or cancerous self cells? Transplanted cells contain surface molecules recognized as self‚ as well as some recognized as non-self. As far
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Sales = f (advertising‚ etc) o y = a1 + b1*x1 o a = intercept o b = beta coefficient o x = $ spent Presentations • does adv pay for itself? • R2 low = low correlation • Needs more relevant variables • Increased R2 to 85% • Tv > radio beta coeff for radio <2 so insignificant • Sales vs volume r2 < .85 no relationship between variables • Second regression sales vs tv and radio grps – r2 < .85 no relationship Spreadsheet • GRP: gross rating points tv adv budgets evaluated in terms of ratings o E
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Question 1 List and briefly explain the external or macro-environmental forces indicating how each element can affect the ability of the organisation to compete in the market. External Environment (Chapter 3) Question 2 Differentiate between the core product‚ the actual product‚ and the augmented product as these concepts apply in the motorcar industry. Product (Chapter 8) Question 3 Draw a product life cycle diagram showing the sales and the profit changes that occur over a typical
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Chapter-1 MANAGERIAL ECONOMICS Multiple Choice Questions 1 Which of the following is a characteristic of a perfectly competitive market? a. Firms are price setters. b. There are few sellers in the market. c. Firms can exit and enter the market freely. d. All of these 2 If a perfectly competitive firm currently produces where price is greater than marginal cost it a. will increase its profits by producing more. b. will increase its profits by producing less. c. is making positive economic profits
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Research Method-Pastyear 1._____ is the application of the scientific method in searching for the truth about business phenomena. A.Induction. B.Application research. C.Business research. D.Science. 2.Which type of research tries to verify a theory or to learn more about a concept and is not intended to solve a particular business problem? A.Performance-monitoring research. B.Basic research. C.Total quality management. D.The scientific method. 3.Which of the following refers to the
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Name: _____________________________ Date: ________ sec. ___ Survey of Animals: Zoo Questions Please type the answers of the following questions: 1. What function‚ other than hearing‚ do the African Elephant’s ears serve? Answer: _______________________________________________________________________ 2. What color is the rump of a Hamadryas Boboon? Answer: ________________________________________________________________________ 3. What is the life span of the
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Assessed Discussion Question: Financial Statements • In what ways do the elements of the four financial statements interact with one another? How might changing one of the financial statements affect the other financial statements? Why is it essential to understand the relationship between the financial statements? The financial statements of an entity consist of: - Statement of Financial position - Statement of comprehensive income - Statement of changes in equity; and - Statement of
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